Tag Archive for anchor

CreditAccess Grameen Ltd. allots Rs. 339.36 cr to 23 anchor investors at Rs. 422 per Equity Share

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

  • Initial Public Offer to open on August 8, 2018 and to close on August 10, 2018
  • Price Band: Rs. 418 to Rs. 422 per Equity Share

CreditAccess Grameen Limited (the “Company” or “Issuer”), allotted 80,41,617 equity shares to 23 anchor investors at Rs. 422 per Equity Share (upper end of the Price Band) aggregating to Rs. 339.36 crore.

Anchor investors include: 1) NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND 13.26%; 2) ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND 11.79%; 3) EASTSPRING INVESTMENTS INDIA EQUITY OPEN LIMITED 10.81%; 4) PICTET – INDIAN EQUITIES 9.43%; 5) SUNDARAM MUTUAL FUND A/C  SUNDARAM RURAL AND CONSUMPTION FUND 7.37%; 6) HDFC STANDARD LIFE INSURANCE COMPANY LIMITED 5.89%; 7) EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST-EDELWEISS CROSSOVER OPPORTUNITIES FUND 5.75%; 8) TATA VALUE FUND SERIES 1 4.42%; 9) CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED 4.13%; 10) MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND 3.31%; 11) IIFL FOCUSED EQUITY FUND 2.95%; 12) BNP PARIBAS ARBITRAGE 2.48%; 13) CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EQUITY TAX SAVER FUND 2.36%; 14) MIRAE ASSET INDIA SOLOMON EQUITY INVESTMENT TRUST 1 1.99%; 15) BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 1.87%; 16) EASTSPRING INVESTMENTS-INDIA EQUITY FUND 1.86%; 17) HSBC SMALL CAP EQUITY FUND 1.51%; 18) TATA VALUE FUND SERIES 2 1.48%; 19) TATA BANKING & FINANCIAL SERVICES FUND 1.48%; 20) INDIA ACORN FUND LTD 1.47%; 21) AL MEHWAR COMMERCIAL INVSTMENTS LLC – (WHITING) 1.47%; 22) ASHOKA INDIA EQUITY INVESTMENT TRUST PLC 1.47%; 23) ASHOKA PTE LTD 1.47 %.

The Company proposes to open on August 8, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a fresh issue of up to [●] Equity Shares aggregating up to Rs. 6,300 million (“Fresh Issue”) and an offer for sale of up to 11,876,485 Equity Shares by the Promoter, CreditAccess Asia N.V. (“Promoter Selling Shareholder” and such offered shares, the “Offered Shares”) (“Offer For Sale”).

The Bid/Offer Period closes on August 10, 2018.

The Price Band for the Offer is from Rs. 418 to Rs. 422 per Equity Share. Bids can be made for a minimum lot of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

The Equity Shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited. Read more

TCNS Clothing Co. Limited allots Rs. 337.5 crores (47,14,210 equity shares) to 33 anchor investors at Rs. 716 per equity share

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By Vivek K.  Mobile: 09920183006 Email:indianshowbusiness@gmail.com

TCNS Clothing Co. Limited allots 47,14,210 equity shares at Rs. 716 per equity share (upper end of the Price Band) to 33 anchor investors aggregating to Rs. 337.5 crores. The anchor book is well distributed anchor book witnessing participation from global and local institutional investors.

Anchor book of INR 337.5 crores with bids from over 30+ schemes of 24 institutional investors
Well distributed anchor book witnessing participation from global and local institutional investors
Participation from various pockets of demand including FII long only investors, private equity funds, local mutual funds, insurance companies and alternative asset managers
60% of the anchor book allocated to FII long only and private equity investors and c. 30% allocated to local institutions
Marquee FII investors like Fidelity, Goldman Sachs, GMO, Steinberg, White Oak Capital and private equity sponsors like ChrysCapital participated as anchors
Few first time anchor investors in India IPO like Al Mehwar Investments (from Abu Dhabi) and Sylebra Capital from Asia participated
Among local institutions, Axis Mutual Fund, Birla Mutual Fund, ICICI Prudential Life Insurance, Sundaram Mutual Fund, Edelweiss group and IIFL group were key participants

Names of anchors:

1) FIDELITY SECURITIES FUND – FIDELITY BLUE CHIP GROWTH FUND – 8.58% of the total anchor portion, 2) FIDELITY INVESTMENT TRUST FIDELITY INTERNATIONAL DISCOVERY FUND – 6.73%, 3) FIDELITY SECURITIES FUND-FIDELITY SERIES BLUE CHIP GROWTH FUND – 2.02%, 4) GMO EMERGING DOMESTIC OPPORTUNITIES FUND, A SERIES OF GMO TRUST – 10.07%, 5A) Read more

SB Energy, IL&FS Join Hands to Anchor GoI’s Solar Targets

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Hari Sankaran, Vice Chairman, IL&FS Group

In a major boost to Government of India’s ambitious target of adding 100GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. Read more

Lemon Tree Hotels Limited allots RS. 311 CRORE to 16 ANCHOR INVESTORS AT RS. 56 PER EQUITY SHARE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lemon Tree Hotels Limited (the “Company” or the “Issuer”) has finalized the allocation of 55,643,820 Equity Shares at Rs. 56 (upper end) per Equity Share aggregating to Rs. 311 crore to 16 anchor investors.

The anchor list include:- SBI MAGNUM MONTHLY INCOME PLAN- 3.85% , SBI MAGNUM MULTIPLIER FUND-6.42%, SBI MAGNUM BALANCED FUND-10.55%, NS PARTNERS TRUST-3.21%,VANTAGETRUST III MASTER COLLECTIVE INVESTMENT FUNDS TRUST-5.12%,MIRAE ASSET INDIA SOLOMON EQUITY INVESTMENT TRUST 1-1.60%,MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND-3.61%,INDUS INDIA FUND (MAURITIUS) LIMITED-3.75%, INDUS INDIA FUND (SV) LIMITED-2.50%, RBC ASIA PACIFIC EX-JAPAN EQUITY FUND-5.20%, LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS-3.21%, DB INTERNATIONAL (ASIA) LTD-12.61%, GEMEQUITY-3.21%, DORIC ASIA PACIFIC SMALL CAP (MAURITIUS) LIMITED-3.21%, NEW YORK STATE COMMON RETIREMENT FUND-3.21%, ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC-7.29%, ALPINE GLOBAL PREMIER PROPERTIES FUND-5.20%, ZAABA PAN ASIA MASTER FUND-2.08%, HDFC SMALL CAP FUND-8.33%, BNP PARIBAS ARBITRAGE-5.83% Read more

Sandhar Technologies Limited ALLOTS RS. 153.74 CRORE to 15 ANCHOR INVESTORS AT RS. 332 PER EQUITY SHARE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?page=20180316-30

Sandhar Technologies Limited  (the “Company” or the “Issuer”) has finalized the allocation of 46,30842 crore Equity Shares at Rs. 332 per Equity Share aggregating to Rs. 153.74 crore to 15 anchor investors.

 

The anchor investors include: DSP BLACKROCK SMALL CAP FUND – 7.15%;  ICICI PRUDENTIAL INDO ASIA EQUITY FUND – 2.38%; ICICI PRUDENTIAL VALUE FUND – SERIES 10 – 4.77%; HSBC GLOBAL INVESTMENT FUNDS – ASIA EX JAPAN EQUITY SMALLER COMPANIES – 7.15%; EASTSPRING INVESTMENTS INDIA CONSUMER EQUITY OPEN LIMITED -  7.15%; THE NOMURA TRUST AND BANKING CO., LTD. AS TRUSTEE OF NITM ASIA OPEN -  4.22%; ADITY BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL AND MIDCAP FUND – 7.15%; SBI EQUITY SAVINGS FUND -  5.20%; SBI RESURGENT INDIA OPPORTUNITIES SCHEME – 1.95%;  RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – SR C – 3.09%; RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – SR D – 1.30%; RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – 4 – SR B – 2.76%; UTI – TRANSPORTATION AND LOGISTICS FUND – 7.15%;  SUNDARAM MUTUAL FUND A/C SUNDARAM SMILE FUND – 7.15%; L AND T MUTUAL FUND TRUSTEE LIMITED – L AND T MID CAP FUND – 1.95%; L&T MUTUAL FUND TRUSTEE LIMITED – L&T EMERGING OPPORTUNITIES FUND – SERIES 1 – 5.20%;  IDFC TAX ADVANTAGE (ELSS) FUND – 5.20%; IDFC MUTUAL FUND A/C IDFC DYNAMIC EQUITY FUND – 1.95%; THELEME MASTER FUND LIMITED – 5.22%; VOLRADO VENTURE PARTNERS FUND II – 7.15%; and  AURIGIN MASTER FUND LIMITED – 4.72%. Read more